NZD/USD Declines Amid Concerns Over China’s Sluggish Retail Sales Growth
· Forex · QuoteReporter
NZD/USD Declines Amid Concerns Over China’s Sluggish Retail Sales Growth
Published: December 15, 2025
Market Overview
Recent macroeconomic data from China has raised concerns, as November’s Retail Sales increased by only 1.3%, falling short of the expected 2.9%. This disappointing figure, along with a sluggish Industrial Production growth of 4.8%, has negatively impacted the Australian and New Zealand dollars, with both currencies trading lower against the US dollar. The weaker economic indicators from China indicate potential headwinds for regional currencies, reflecting the interconnectedness of these economies.
In Japan, the Yen has strengthened amid expectations of a hawkish stance from the Bank of Japan (BoJ), spurred by improved business confidence. This backdrop is shifting market sentiment towards potential policy tightening. Meanwhile, gold prices have surged, buoyed by safe-haven demand and speculations of forthcoming interest rate cuts by the US Federal Reserve. The dollar’s recent weakness, after three consecutive weeks of declines, could challenge the Fed’s policy resolve. Traders are now closely monitoring upcoming US employment and inflation data, which could significantly influence future central bank decisions and the broader currency landscape.
Major Currency Pairs Performance
| Currency Pair | Price | Daily % | Weekly % | Monthly % |
|---|---|---|---|---|
| EUR/USD | 1.17335 | -0.02% | +0.93% | +2.20% |
| USD/JPY | 155.19200 | -0.22% | -0.46% | +0.64% |
| GBP/USD | 1.33559 | -0.22% | +0.27% | +1.65% |
| USD/CHF | 0.79598 | +0.10% | -1.29% | -1.46% |
| AUD/USD | 0.66454 | -0.26% | +0.34% | +1.68% |
| USD/CAD | 1.37654 | -0.02% | -0.65% | -2.06% |
| NZD/USD | 0.57773 | -0.49% | +0.06% | +1.30% |
Performance Charts
Best Daily Performer
Technical Analysis: 1. The USD/CHF is currently in a bearish trend, evidenced by the negative weekly and monthly change, and the position in 20-day range.
2. The key technical levels to watch are the 50-day and 200-day SMAs, which could potentially act as dynamic resistance. There appears to be a strong support level at the 0.79000 mark, which so far has held.
3. Short-term outlook is cautiously bearish, given the prevailing trend, unless there’s a significant break above the 50-day SMA, which may signal a potential trend reversal.
Worst Daily Performer
Technical Analysis: 1. The NZD/USD pair is currently in an uptrend, as evidenced by its position within the 20-day range and positive monthly change.
2. Key technical levels to watch are the 50-day SMA at 0.5700 (support) and the 200-day SMA at 0.5900 (resistance), along with the descending resistance trendline from the recent highs.
3. The short-term outlook is cautiously bullish; however, given today’s considerable loss, a pullback to the 50-day SMA could occur before further upward momentum is seen.
Normalized Performance – All Majors (3 Months)
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